Tech Insider : Economy
A customer at a Walmart checkout line
Tech Insider : Economy, Politics
Dragon hoarding
Anyone who has bought a carton of eggs or a tank of gas has felt the sting of inflation. The data is increasingly pointing to one culprit for all these price hikes: corporate greed.

It's becoming clear that corporate greed is screwing over the US economy

Tech Insider

Happy Friday, team. I'm Phil Rosen. This week we've seen a storm of economic data in the US. 

The alphabet soup of readings — CPI, PPI, and jobless claims — all point to cooling inflation and a softening labor market. 

In theory, that's good news for the Fed, because it suggests its policy is working. 

Tech Insider : Economy, Politics
Jerome Powell smiles after taking the oath of office for his second term as Chair of the Board of Governors of the Federal Reserve System at the Federal Reserve Building in Washington, DC, on May 23, 2022.
Jerome Powell smiles after taking the oath of office for his second term as Chair of the Board of Governors of the Federal Reserve System at the Federal Reserve Building in Washington, DC, on May 23, 2022.